Jones Financial Companies Lllp Acquires 415 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Jones Financial Companies Lllp grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 357.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 531 shares of the construction company’s stock after acquiring an additional 415 shares during the period. Jones Financial Companies Lllp’s holdings in UFP Industries were worth $60,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UFPI. FMR LLC boosted its holdings in shares of UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after buying an additional 193,891 shares during the period. Franklin Resources Inc. boosted its holdings in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after buying an additional 188,969 shares during the period. Wasatch Advisors LP boosted its holdings in shares of UFP Industries by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock worth $77,507,000 after buying an additional 81,950 shares during the period. Barclays PLC boosted its holdings in shares of UFP Industries by 109.0% during the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock worth $17,844,000 after buying an additional 70,927 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of UFP Industries by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 345,768 shares of the construction company’s stock worth $38,951,000 after buying an additional 61,962 shares during the period. 81.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UFPI has been the subject of several recent analyst reports. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $107.23 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33. The firm has a fifty day moving average price of $112.33 and a two-hundred day moving average price of $121.62. The company has a market cap of $6.50 billion, a PE ratio of 15.84 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.35 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. UFP Industries’s dividend payout ratio is currently 20.68%.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.